Today News: USD/CAD [4 Nov 2021] - FXsources

Canadian Dollar Retreats As Oil Prices Pull Back

USD/CAD is currently trying to stay above the 20 EMA at 1.2415 while

the U.S. dollar is flat against a broad basket of currencies.

USD/CAD prints a fresh three-week high around 1.2450
ahead of the FOMC meeting

USD/CAD climbs during the New York session,

up 0.06%, trading at 1.2424 at the time of writing

Canadian Dollar Pressured by Oil Price Slide

The Canadian dollar continued to sink yesterday and overnight

due to the twin pressures of sliding oil prices

USD/CAD at the mercy of US jobs data this week

USD/CAD is flat on the day and in the consolidation of the prior daily

bearish impulse after a being outcome from the Federal reserve

USD/CAD drops below 1.2400 as WTI rebounds
ahead of OPEC+ meet

USD/CAD is falling back towards the daily lows of 1.2375,

as the bulls fail to resist above the 1.2400 level.

USD/CAD drops back to 1.2400 post-dovish Fed,
but oil sell-off weighs on loonie

USD/CAD has pulled back sharply from earlier session highs above

1.2450 and is at present flirting with the 1.2400.

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